FHFA Director Mel Watt testified before Congress this past October that Fannie and Freddie needed some form of capital buffer to protect against short-term operating losses.

In a recent example, $20.5 million in financing was obtained for The Georgian, a 288-unit multifamily property, with a sponsor that was looking to secure a long-term loan at a competitive fixed rate.

The class-A apartment property is located on approximately 10 acres fronting Sugar Road near Owassa Road, just west of Interstate 69/US 281, which is being transformed into the NAFTA Highway (I-69).

We ask Karl Slovin of MWest Holdings how he has executed successful business plans in rent-controlled buildings.